Singapore: IFC and Mitsui & Co invest US$60m in MiCare HealthTEC Holdings

The World Bank’s EM financing arm, IFC, and Mitsui & Co (Asia Pacific), are investing around US$60m in Singapore-based MiCare HealthTEC Holdings, a subsidiary of Zuellig Pharma and a leading medical-claims administrator in Southeast Asia. The new investment will help lower healthcare costs and improve inclusion across the underserved markets in Southeast Asia MiCare administers, processes,…